Oliver Wyman November 10, 2023
By Ben Holmes, Nilabh Sanat, and Steve Prasad

How rapid analysis and data science can generate insights

The transportation, shipping, retail, and finance industries have made strides in the digital transformation of today’s world, with many of their innovations paving the way for deriving data-driven strategies using big data tools. However, healthcare has been slow to adapt. Challenges unique to the healthcare industry make real-time data-driven strategies difficult to execute. Some of the problems with its data and processes include a lack of robust standardization, classification, and coordination, as well as its need for significant and highly specialized domain knowledge. It is also difficult to get both clinical and administrative data in a timely way. Payment policies are notoriously difficult to understand. Finally, there are...

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Topics: Analytics, Patient / Consumer, Provider, Technology
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